The attacker behind the $6.3 billion Binance security breach has begun converting nearly $96 million worth of stolen Solana (SOL) into Bitcoin (BTC), according to on-chain tracking platform Lookonchain.
Bitcoin’s celebrated “Uptober” tradition suffered another setback in 2026, with the leading crypto asset closing October down 7.32% against the greenback, its weakest performance for the month since 2014. Over the past seven days, BTC traded between $76,337 and $81,840 as the major $6.3 billion Binance hack rattled markets.
November 1, 2026, 4:05 pmRecent buyers are capitulating, but long-term holders remain resilient as Bitcoin’s selling pressure tests market confidence.
November 1, 2026, 3:00 pm
TLDR Bitcoin price recovery put $78,000 back in focus on November 1 as the market steadied after last week’s sell-off. Lighter’s LIT token jumped roughly 18%, while modest moves in major cryptocurrencies contrasted with sharp gains and losses among smaller assets.
Bitcoin staking platform b14g suffered a $1.47 million exploit on Oct. 31, losing approximately 97 million CORE tokens. The attacker drained 91 staking positions in a single transaction by submitting withdrawal requests for zero CORE, according to an investigation by blockchain analytics firm Bitquery.
Bitcoin miners spent years securing cheap electricity, building substations, and negotiating the grid connections needed to power their operations. Now AI companies want those connections so badly they're willing to make aging mines valuable real estate.
Binance reopens customer withdrawals following a record $6.3 billion exploit.
As bitcoin traders brace for one scheduled event after another, the data suggests there is less to worry about unless you trade one-minute BTC charts. Volatility spikes right after an announcement, lasts about an hour in most cases, and then subsides, with the price usually hovering near where it started.
Strategy's pivot to digital credit could reduce equity dilution but increases obligations, impacting shareholder dynamics and market perception.
Binance's cautious phased reopening post-hack highlights the critical need for robust security measures and transparency in crypto exchanges.
Saylor's bullish Bitcoin outlook suggests increased integration with traditional finance, but monetary policy remains a potential obstacle.
Higher selected derivatives exposure and ETF redemptions leave the recovery facing a demand test before November 6 payrolls.
$78,088.00 +0.74%
$1.57T Market Cap
$56.57B Total Volume (3.60%)
$126,080 All Time High -38.06%
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